Buffalo Wild Wings’ (BWLD) “Equal Weight” Rating Reaffirmed at Stephens
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Stephens in a research note issued on Wednesday. They presently have a $145.00 price target on the restaurant operator’s stock. Stephens’ target price points to a potential upside of 17.22% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Buffalo Wild Wings in a research report on Monday. Maxim Group cut their price objective on shares of Buffalo Wild Wings from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company reiterated a “market perform” rating and issued a $125.00 target price (down from $148.00) on shares of Buffalo Wild Wings in a research note on Saturday. Wedbush upgraded shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and set a $115.00 target price for the company in a research note on Thursday, July 20th. Finally, Barclays PLC decreased their price objective on shares of Buffalo Wild Wings from $177.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $151.45.
Buffalo Wild Wings (BWLD) opened at 123.70 on Wednesday. The stock has a market cap of $2.00 billion, a PE ratio of 26.78 and a beta of 0.88. Buffalo Wild Wings has a 12 month low of $119.55 and a 12 month high of $175.10. The company’s 50 day moving average is $130.76 and its 200 day moving average is $147.87.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.24. The company had revenue of $534.80 million during the quarter, compared to analysts’ expectations of $536.10 million. Buffalo Wild Wings had a return on equity of 16.55% and a net margin of 4.14%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.73 EPS. On average, analysts anticipate that Buffalo Wild Wings will post $5.25 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of BWLD. Eagle Asset Management boosted its stake in Buffalo Wild Wings by 67.6% in the third quarter. Eagle Asset Management now owns 518,410 shares of the restaurant operator’s stock valued at $100,276,000 after buying an additional 209,093 shares during the period. Reynolds Capital Management boosted its stake in Buffalo Wild Wings by 18.8% in the fourth quarter. Reynolds Capital Management now owns 1,900 shares of the restaurant operator’s stock valued at $303,000 after buying an additional 300 shares during the period. Thomson Horstmann & Bryant boosted its stake in Buffalo Wild Wings by 4.1% in the fourth quarter. Thomson Horstmann & Bryant now owns 9,713 shares of the restaurant operator’s stock valued at $1,550,000 after buying an additional 387 shares during the period. Congress Asset Management Co. MA boosted its stake in Buffalo Wild Wings by 0.6% in the fourth quarter. Congress Asset Management Co. MA now owns 34,727 shares of the restaurant operator’s stock valued at $5,544,000 after buying an additional 200 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in Buffalo Wild Wings by 0.6% in the fourth quarter. Arcadia Investment Management Corp MI now owns 16,105 shares of the restaurant operator’s stock valued at $2,571,000 after buying an additional 90 shares during the period. Institutional investors own 90.69% of the company’s stock.
About Buffalo Wild Wings
Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. As of December 25, 2016, the Company’s made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.
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